Here are a few headlines that grabbed our attention this morning:
Housing whistleblower. Last month, Wells Fargo paid a record $1.2 billion to settle a U.S. Department of Justice lawsuit claiming the bank had for years engaged in reckless lending practices and attempted to defraud government insurance programs. Now Wells Fargo is facing a lawsuit filed by a Damascus man. The former employee claims Wells Fargo has been collecting on mortgage loans without documentation, the discovery of which caused his termination. Read more from Law360.
Oracle on blast. Working as in-house counsel for House leadership, a D.C. lawyer submitted a 14-page letter consolidating Oregon’s case against Oracle resulting from the Cover Oregon failure of 2013. Oracle, however, likened the letter to a piece from George R. R. Martin or J.K Rowling. The ongoing battle for blame has sparked seven different lawsuits to date. The Portland Business Journal has more.
Tumble high. Joining Macy’s and Kohl’s, Nordstrom’s earnings have dropped 64% in the first quarter: the first decline in seven years. The chain said it had to slash prices to make sales at all, perhaps a sign of more money-conscious customers and a move to online shopping. The Seattle Times reports.
World travel. Ever wondered how recycled electronics end up more than 8,000 miles away? OPB tracked four flatscreens recycled in Beaverton as they travelled to Hong Kong. It took 137 days just to reach Seattle — only a little longer than driving from Portland to Seattle on a Friday afternoon.
Taxing campaign. Not known as one to stay out of other people’s business, Republican presidential candidate Donald Trump declined to release his tax returns sayng it’s “none of your business.” Paul Krugman speculates on the reason why: Trump, he suggests, isn’t nearly as rich as he claims to be.
Recall. Subaru announced this morning that its Legacy and Outback vehucles may not be safe. In fact, the company said some of the 2016 and 2017 models shouldn’t be driven at all, in case the steering fails. The Statesman Journal explains.